Multiple Choice
A firm has $2,000,000 in net annual sales, its beginning inventory (for the year) was $400,000 (at retail) , and its ending inventory was $600,000 (at retail) . The firm's stock turnover rate for the year is ___ times.
A) 2.0
B) 3.3
C) 4.0
D) 5.0
Correct Answer:
Verified
Correct Answer:
Verified
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